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It’s always worth keeping a close eye on the ex-dividend dates for FTSE 100 shares. That’s because investors need to buy a stock before the ex-dividend date to receive the next payout.
For those seeking passive income, 26 June is a big date. That’s the day British American Tobacco (LSE:BATS) shares go ex-dividend. The company has long been one of the most reliable FTSE 100 dividend stocks, and today’s 6.9% yield is a tantalising proposition.
Here’s why investors should consider buying the stock today.
Dividend superstar
British American Tobacco shares have an obvious dividend appeal. The headline yield figure’s undeniably impressive. Only five other FTSE 100 shares beat it. The tobacco giant’s next quarterly dividend will be 60.06p per share.
Beyond the yield, there’s plenty to like about the company’s track record, too. Reaching seven consecutive years of…
